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Crypto Address Cuts Zcash Short Exposure by 6,475 Tokens After a Loss

The closed short was valued at about $11.4 million, followed by a smaller short valued at about $2.94 million.

Updated 1 min read
A Zcash token rests beside a reduced metal bar in a New York studio. / TokenPost.ai
A Zcash token rests beside a reduced metal bar in a New York studio. / TokenPost.ai

Across the two trades, the address’s ZEC short exposure fell by 6,475.04 tokens. The closed trade carried a reported loss of about $661,300.

The trading window began at 4:53 p.m. ET Wednesday, Oct. 21 (20:53 UTC) and ended at 1:35 a.m. ET Thursday, Oct. 22 (05:35 UTC). The exited short had a value of about $11.4 million and an average price of $1,309.16.

A subsequent trade added a smaller short position with a value of about $2.94 million. Its average price was $1,313.63.

The account had about $121.9 million in cumulative contract profits. The $121.9 million figure is the account’s cumulative contract profit total; the $661,300 loss was limited to the closed ZEC trade.

EconoTimes had earlier linked the address to a $5.6 million ZEC short on Oct. 19. A snapshot at 10:36 a.m. ET (14:36 UTC) that day showed the position still open.

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